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The Close, Mitcham CR4 - Image 1
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The Close, Mitcham CR4

South East

£500,000
Listed on 07/04/2026

Property Details

Bedrooms
3
Type
End Terrace
Area
936 sqft

Description

This end-of-terraced 3-bedroom house offers a compelling opportunity for both homebuyers and investors looking to add value through renovation. Situated in a tranquil residential neighbourhood of Mitcham, the property is chain-free and conveniently located near the Mitcham tram stop, ensuring easy access to transport links across South London. The house features double-glazed windows and spacious rooms that provide an excellent foundation for modernization. With three well-proportioned bedrooms and a flexible living area, there is significant potential to enhance the layout or even extend (subject to planning permission). The sizeable garden further complements this property, offering outdoor space that is increasingly rare in similar homes. As it stands, the property requires updating throughout, making it a perfect blank slate for those keen on creating their ideal family residence or pursuing a profitable investment strategy. The surrounding area boasts suburban tranquillity while remaining close to essential amenities, catering well to families and commuters alike.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +7.3% above area average per sq ft

+7.3%
This Property
£534/sq ft
Area Average
£498/sq ft
Avg Rent (weekly)
£385
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£512,483
10% above area average per sq ft
Potential ROI
-5.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CR4)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +2.3%
5 year growth: +7.6%
Investment Disclaimer: Analysis based on CR4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Close, Mitcham CR4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,771
Based on a loan of £375,000 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-4.8% since listed
£500,000£25,000(-4.8%)
29/12/2025
Current price
£525,000Initial listing
12/12/2025

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